Question

Sara has a loan for $1800 at a rate of 16% annually. How much interest will she pay in 4 years?

Answer 1

Answer:

She will pay $1,152 in four years?

Step-by-step explanation:

16% as a decimal is 0.16

Multiply that by the 1800 to get the interest for one year.

0.16×1800=288

288 is the interest for one year, but you need the amount for four years.

Multiply 288 by 4.

288×4=1152

She will pay $1,152 in four years